My take on DeFi bounties

[Mpamaegbu]

Almost 99 percent of DeFi projects in bounty section are scam, you can say I have no prove but this is just my normal thought.

Yeah, while your observation is right I can ruefully say your statistics is faulty as you don't have any methodological procedure to back up your claim. So, it's fallacious to say 99% when there isn't any computation for that.

2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs

This is why it behooves every bounty hunter to always thoroughly check websites of any project before supporting them by enrolling in their bounties. It's sad to note that hunters are always in a rush to get into bounties without doing due diligence and research.

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[Nellayar]

Almost 99 percent of DeFi projects in bounty section are scam, you can say I have no prove but this is just my normal thought.

1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes


You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research

1. Its part of the hype, if you are already here when ICO and IEO were hyped I believe that it is normal to you to see that bounty projects are going to the flow of the current trend.
2. This is a little bit sad right now, as a bounty participants it is a guide for us to know the legitimacy of the project. However, some of the projects are hiding their identity to their customers or clients. Its look like a scam whenever there is anonymity in the project. We all know that showing your identity to public can boost the trust and reliability of the project.
3. Its too obvious that many projects only has their front. Their home-made MVP and non-sense plan in future. They created website just only to show that they are legit. Of course, only ignorant in website and newbies in cryptocurrency will become the victims of these projects.
4. Above all of your thought, I really agree with this point. I saw a lot of project wanted to list in uniswap because when they had been listed in this exchange, their token were hyped by traders. As a result, they can gain a lot of benefits and profits.



All of the bounties I have seen right now has a tendency to fall under in scam. No bounty is good as what before. This is the reality of bounty nowadays. Either it is scam or it offers a low pool of rewards which at the end is useless.

[atjiat]

We must be very careful, because lately scammers are starting to execute the DeFi market very strongly, and at the same time, we must take into account that it becomes very easy to lose your money under these circumstances. In addition, Uniswap only facilitates the activities of fraudulent projects that place their coins there. Therefore, one cannot categorically respond positively to all Bounty companies that advertise their projects using the words DeFi and Uniswap.

[GatotKaca]

We must be very careful, because lately scammers are starting to execute the DeFi market very strongly, and at the same time, we must take into account that it becomes very easy to lose your money under these circumstances. In addition, Uniswap only facilitates the activities of fraudulent projects that place their coins there. Therefore, one cannot categorically respond positively to all Bounty companies that advertise their projects using the words DeFi and Uniswap.

I think not only defi cheater project has always existed since then until now including the bounty stick to the establishment prior to joining any bounty
check all of them before joining  so that the work done is not in vain

[Akiko]

We must be very careful, because lately scammers are starting to execute the DeFi market very strongly, and at the same time, we must take into account that it becomes very easy to lose your money under these circumstances. In addition, Uniswap only facilitates the activities of fraudulent projects that place their coins there. Therefore, one cannot categorically respond positively to all Bounty companies that advertise their projects using the words DeFi and Uniswap.

If you are afraid to lose you should be very careful when investing in defi , this one will became  a home for many scammers since they know that there are many people that also looking to invest in defi project  to take some profit by following the hype then leave .

Scammer will use that opportunity to have thier own actually it's already happening now if you visit bounty section you will found many scam defi project .

[isaac_clarke22]

~

99% of the DeFi projects are now scam because scammers move on from IEOs and started migrating to DeFi projects but still investors feeds these beasts that's why they never quit.
These thoughts you mentioned are practically what people should look out though. Regardless of the trend of the projects, there will always be those scums trying to scam.

[Lorokan]

Well, you have stated right and true facts about defi projects and its influx of defi bounties on the forum; but for some reasons best known to you, you have avoided to talk about the benefits of defi bounties.

Most defi bounties rewards participants in tron (trx) token and most are usually 30$ and above. It is up to every bounty participant to choose their choice of bounty; and also unto all investors to research and decide if its worth investing.

[lumeire]

One way to get attention from investors to take advantage of the hype this moment. Similar but not the same. In my opinion, the initial technical analysis is needed here even though the analysis level of each person is different.

Even though there used to be a lot of ICO rating websites then also there used to be many scams related to ICO at that time, the same is also happening now where we have to choose in between the legit DeFi projects and the fake ones and we don't have the right platforms to filter out the scam projects. I guess we shouldn't invest in the DeFi projects that that aren't having a good community support as most of the times community does make the right choice.

[Google+]

~

99% of the DeFi projects are now scam because scammers move on from IEOs and started migrating to DeFi projects but still investors feeds these beasts that's why they never quit.
These thoughts you mentioned are practically what people should look out though. Regardless of the trend of the projects, there will always be those scums trying to scam.

I don't think all DeFi projects do that, if you want to try to get a lot of profit from the DeFi project then you have to be smart in choosing the platform and project that is developed so that you will avoid a scam project.

[tippytoes]

~

99% of the DeFi projects are now scam because scammers move on from IEOs and started migrating to DeFi projects but still investors feeds these beasts that's why they never quit.
These thoughts you mentioned are practically what people should look out though. Regardless of the trend of the projects, there will always be those scums trying to scam.

I don't think all DeFi projects do that, if you want to try to get a lot of profit from the DeFi project then you have to be smart in choosing the platform and project that is developed so that you will avoid a scam project.

And sadly, a lot of them are scam. If you happen to join one of these DeFi bounties and got your share, I think the smart move is to sell it as fast as you can and never look back. As I have the feeling that more than 90% of these DeFis will not be here for the next 6 months. As everyone is trying to get their market share and riding while this hype is still hot, a lot of these buyers will be screwed.

[Crypto_lion]

Almost 99 percent of DeFi projects in bounty section are scam, you can say I have no prove but this is just my normal thought.

1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes


You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research

The scamsters are just trying to use something which is trending to lure novice investors and they are advertising for free in bounty section. As bounty hunters we have a responsibility to stay away from promoting  any possible scams if we are aware of it.

About the team staying anonymous for Defi projects , it's a tricky question. One hand you can argue that true decentralization doesn't need team visibility but on a investor point of view I would be afraid to put money in a place when I don't know where the money is going. As for now I am not into projects where teams are anonymous but that may change with better evolution of governance protocols.

[Igor17Krik]

I also think that 90 percent are scammers. You need to be very vigilant when choosing a project for investment. I think that there are many great projects where you can invest and what I am doing. Scammers don't sleep. They have always been, are and will be!

[Jocuserious]

You are absolutely right most are now scamming the investors too by just creating the Twitter account of the original real Defi project and try to scam innocent investors through presale and some incentives for bounty hunters in terms of airdrop and bounties. Must go to the real project website and there match the social accounts with the account which is offering the IEO, Presale, or airdrop. You will observe that the 99% Twitter account will be fake.

More scamming defi bounty here and everyday coming new. Don't spend your time in scam bounty then you'll never received anything from there. Do you know man DRK Defi already a scam project then why you promote it? You can read this topic about scamming announced DRK Defi project.
DRK Defi scam announced

[skarais]

I also think that 90 percent are scammers. You need to be very vigilant when choosing a project for investment. I think that there are many great projects where you can invest and what I am doing. Scammers don't sleep. They have always been, are and will be!

It is not about investing but about taking part in the bounty program of several DeFi project. As usual, the number of DeFi project is increasing as this is a new trend after IEO. Also because of this the number of scam project will continue to grow as people are very interested in DeFi these day. Some of this look legitimate and 95% in my opinion doesn't benefit anyone, including bounty hunter. Forcing yourself to join blindly will only be a waste of time and not profitable, so analyze your best before deciding to join.

[SquallLeonhart]

Regulation is not something in crypto that we love too much, especially when it comes to bitcoin we want it to be out of governments hands and into the people which means regulations on bitcoin will make it harder to go up so we do not want it, just make it legal and be done with it, that is all we need from governments and nothing more.

However one more thing is important here, ICO and STO and IEO didn't had regulations neither and some of them went high, defi doesn't have regulations and some of them went high as well, which means just because it doesn't have regulation it will not go up, that is not the case, some of them do not have regulations and still manage to go up, there are other stuff you could check to see if the bounty is real or not aside from regulations.

[RealMalatesta]

Scam is not something that regular people make, it is people who accept the fact that they are doing something illegal and the sad part is most of them do not get caught or face jail time because of it, so doing it is easier than doing a real life scam.

If you scam someone face to face in real life that would cause you to go to jail, they will somehow find you and sue you and you will go to jail because of it, but when you do that in crypto world they do not give their real names and even if they do you are online and in another nation and if you are in the same nation it is crypto so it is difficult. There is a ton of reasons why you couldn't do this, which is why scams on crypto world is easier and that is why they are the most common reason why they do it.

[HK88]

not all project defi is a scam. Some do their best to make their project a success but it is unfortunate to see that investors made the right decision not to consider it. In fact, fraudulent projects have corrupted crypto and held back investors from giving their trust, which is why only a few projects are successful while many will sadly be nothing.

On the other hand, the Defi Yland bounty project at that time only lasted 1 week and participants got big prizes. Imagine 1 week wrote only 1 Articel and made $ 600. I missed a party, I was only part of twitter and was lucky to get 1 yland: 1 ETH.

[Fivestar4everMVP]

Almost 99 percent of DeFi projects in bounty section are scam, you can say I have no prove but this is just my normal thought.

1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes


You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research

you are absolutely right with all you've said bro, infact, you said my mind, 99.9 of all this Defi projects are complete scam except for a few, ive leant over time and now, am always very selective of the campaign I choose to join, i aways research very well before I decide, and this is what I urge every one to always do, scams in crypto has become a major concern for almost everyone, i would dare say that 100 percent of all alrdrops currently running on telegram are total scam, i just pray that all this stop or atleast reduce to the nearest minimum or else, it might become a major concern in the future

[cute nmp]

Well that is completely true most of the current Defi bounties are scams .Some do not even have a complete white paper about the project and in some cases most of the team members are not known while in some the team members are fake.People have to be careful in choosing Defi project because many of them are scams nowadays.

[tanjiran]

Well that is completely true most of the current Defi bounties are scams .Some do not even have a complete white paper about the project and in some cases most of the team members are not known while in some the team members are fake.People have to be careful in choosing Defi project because many of them are scams nowadays.

The hysteria of DeFi is used by scammers to trick investors who are not conscientious, rushed, fomo, and just want instant profits. I've even found a project that claims DeFi uses an old twitter account that has been used to join airdrops for other projects, even if the post hasn't been deleted, it's ridiculous. Make sure you don't FOMo, and do in-depth analysis, check out social media and websites. do not be hooked on instant profits, keep your assets as possible.
My advice, if you want to join the DeFi project, check the supporting partners, make sure it's official, for example pancakes supported by Binance